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Does anyone have any firsthand experience with these things? Ever made any money off of one?

CrankySaver said:on May 13th at 09:35 am

I’ll bet not many readers have ever bought an indexed CD — and for good reason. They always seemed like more of a gimmick that was guaranteed to make money for the bank or broker, not the investor.

The only reason that’s changed is that the Federal Reserve has distorted the financial markets so much, and for so long, that you can’t make anything with traditional CDs.

Here’s one interesting thing I learned from the tech guys at Bankaholic World Headquarters. Twice as many readers were clicking on the link for the CD indexed to precious metals than the S&P 500. Looks like we’re still feeling a little pessimistic about the future.